Panda Ethanol on step closer to building new plant in Colorado

The Colorado Department of Public Health and Environment granted Panda Ethanol an air permit last week for a 100-million-gallon-a-year ethanol refinery to be built in Yuma. By turning about 40 million bushels of feedstock-grade corn into ethanol a year, Panda says the plant will reduce annual oil need by about 2.6 million barrels while increasing Yuma's city revenues by $3.5 million a year. The plant will run on natural gas and still has a lot of hurdles to overcome (financing, other regulatory approvals) before construction starts. But, hey, who's gonna say no an ethanol company called Panda? I wonder when they're going to start making ethanol from eucalyptus.

[Source: Panda Ethanol Inc.]

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